Profits 220 million euros from purchase taxes for the period January - September 2019
After 10 catastrophic years for the real estate market in Greece the situation has started to turn. During the period January to September of 2019 the income of the state from the purchase taxes has reached the amount of 220 million euros. Greeks as well as foreigners see a really big potential in the real estate market in Halkidiki even though the prices are starting to rise. Nevertheless, the prices are still lower than the real estate prices all over Europe.
Of course, there are positive side effects as well, such as the following:
Banks are more willing to fund the new constructions, private and business investments as well.
New construction projects have already begun and several others are on the way to start.
More good news is on their way and the market of real estate in Greece will start shining again.